Turkish Petkim company talks valuable contribution to domestic, Azerbaijani economy
BAKU, Azerbaijan, Mar. 16
By Nargiz Ismayilova – Trend:
We know and believe in the Turkish economy strength and plan our investments for the long term, Director General of Petkim Anar Mammadov said in an interview to "Khalg gazeti" Azerbaijani newspaper, Trend reports.
"In 2020, SOCAR Turkey will be able to enjoy benefits of such major projects as TANAP and Star Refinery. We’ll see the impact of Star Refinery, which is the source of our raw materials, on our production in 2020," the director general said.
According to Mammadov, 2020 will be a year of further growth of the company's production capacity, and of its tangible contribution to the economy of both Azerbaijan and Turkey.
Petkim manufactures plastic packaging, fabrics, PVC, detergents, and being the only Turkish manufacturer of these products, the company exports a quarter of its production.
The complex includes 14 factories manufacturing 20 different types of products. Petkim's production capacity is 3.6 million tons per year.
Equity participation of shareholders in the complex’s capital is as follows: SOCAR Turkey Petrokimya A.S. - 51 percent, and 49 percent of the shares are in free float on the stock exchange.
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